What customers need to know about Loves Furniture’s bankruptcy filing

WARREN, jo. – Customers of Loves Furniture, the company that took over many closed locations of Art Van Furniture, are worried after the company filed for bankruptcy.

The furniture retailer looked like a hero in 2020 when he moved in when Art Van had financial problems, but now he has financial problems of his own and closed several Michigan locations that had opened months ago.

It depends. If you are a customer who has paid and has not yet received furniture, you should call your bank or credit card company immediately.

The Better Business Bureau said the situation is problematic for those who received their furniture, but may have a guarantee. If this group includes you, don’t expect this guarantee to mean much.

Loves Furniture blames the COVID pandemic and the slowdown in shipments from abroad. While this may be true, new revelations of major financial problems will not help the situation for many.

TO READ: Loves Furniture customers report delivery delays

In filing for bankruptcy, Loves revealed he has between 100-200 creditors and ten to $ 50 million.